OVL Lease Blog

❤️ Ten things to love about van leasing ❤️

 ❤️ Ten  things to love about van leasing ❤️ This Valentine's Week we wanted to share our top then things to love about van leasing 💙   New; you're dr... Read More

Changes in Company Car Tax

Changes in Company Car Tax If you drive a car which is provided by your employer, and that car is available to use outside of work for personal use, you are liable to pay com... Read More

How to report a pothole

How to report a pothole If, like me, you've noticed the poor state of our roads, much of which is being blamed on the after effects of the 'beast from the east'... Read More

What is Car Leasing Maintenance?

What is Car Leasing Maintenance? If you’ve been looking for a great car leasing deal, one of the options you may have come across is whether to choose a deal that includes ma... Read More

What is GAP Insurance?

What is GAP Insurance? GAP stands for Guaranteed Asset Protection. You are insuring the difference in the amount the insurance company will pay out if your new ... Read More

Essential car accessories for Spring

Essential car accessories for Spring Spring is here! We can now look forward to longer days, rising temperatures, and you can finally take the ice scraper and de-icer out of the car fo... Read More

Fair Wear and Tear on your Leased Vehicle

Fair Wear and Tear on your Leased Vehicle We all know a brand new vehicle won’t stay brand new for too long! We expect there to be acceptable wear and tear on your lease car... Read More

Can I drive my leased car abroad?

Can I drive my leased car abroad? It's holiday season and you may well be among the 16 million (according to ONS Travel Trends 2012) Brits who head for the warmer shores of... Read More

Spotlight on BMW

Spotlight on BMW BMW is an icon of luxury motoring and with an ever-evolving range of executive cars, 4x4s, sports vehicles and electric cars it’s a brand whi... Read More

Car Leasing Explained

Car Leasing Explained Car Leasing Explained   With over twenty years experience, a close influential relationship with the important manufacture... Read More

Luxury car leasing

20/11/2019

Luxury car leasing

Do you aspire to drive a luxury car? If so, leasing is a great way for you to get behind the wheel of a prestige Tesla, Range Rover, BMW, Mercedes, Audi, or other high end model. 

It is a fact that cars depreciate in value so even if you have the money to buy brand new, the question is, why would you when you can avoid depreciation altogether? 

A new car will lose approximately 20 percent of its value in the first year and 15 percent each year after that until, after 10 years, it's worth around 10 percent of what it originally cost.

Most luxury brand cars have very little or no car problems for at least the first few years but by leasing, and including a maintenance package, you can take all of the potential stress ( and extra cost ) out of the equation.

Leasing luxury cars is a good choice for people who have relatively high incomes to cover the monthly lease payments, but have little by way of cash savings. Luxury car leases are available to anyone who has a good credit rating and enough income to cover the monthly lease payments.

Take a look at what luxury cars we have available to lease. 

If you can’t find what you are looking for don’t hesitate to speak to our team who will be happy to help. Call us on 01491 615500 or email sales@ovl.co.uk

 

 

 

Electric car leasing - jargon buster 🔌

19/11/2019

Electric car leasing - jargon buster 🔌

Electric and hybrid vehicles are more popular than ever with more than 500,000 “green” cars on the UK roads. 

Sales have risen at quite some pace in 2019, with more than 114,000 alternatively fuelled vehicles (AFVs) registered up to the end of September. This figure is up by almost 22% on the same period last year.

You can take a look at our alternative fuel leasing deals here and of course our team are on hand to answer any questions you may have about leasing an electric, hybrid or PHEV car, but in the meantime, here’s a bit of a jargon buster!

AFV - alternatively fuelled vehicle

An AFV is any car that doesn’t exclusively use a conventional petrol or diesel engine.

EV - electric vehicle

This term is used for cars that run solely on electricity.

Hybrid vehicle

A vehicle that is powered by both a fuel engine and an electric motor. 

Many hybrids will switch between the two ‘modes’ when driving conditions are best suited to that particular form of power.

PHEV – Plug-in Hybrid Electric Vehicle. 

A type of hybrid car with a particularly good range of electric power thanks to a large propulsion battery.

Range

The distance any given electric vehicle can travel, from full charge, before it would run out and require charging again.

Range extender

A car with a range extender runs on electricity but has a small petrol or diesel engine that is used to produce electricity to recharge the batteries and extend the car's range. The petrol/diesel engine does not power the wheels. 

Wallbox or home charger

If you lease an electric car, you can get a home charging station installed. These come in either slow 3kW or faster 7kW and 22kW forms. 

Public chargers

There are currently about 17,000 public charging points in the UK, and this number is growing. 

It is now a legal requirement for all large petrol stations and motorway services to provide charging points. 

80% charge

Manufacturers often quote a charging time to 80%, rather than 100% or fully charged. This is because not fully charging each time extends the life of the battery, so is recommended, and also because the last 20% takes longer to complete relative to the first 80%.

 

If you have any other questions about electric car leasing or leasing a hybrid car contact us.